Trade Alert
DXY is trying get back into the game, but the overall downside pressure remains. That said, a strong push above the 95.75 barrier may clear the path towards slightly higher levels. This is when we will target the short-term downside resistance line, running from the highest point of December. This is where the price could get held.
Of course, if the DXY reverses sharply and breaks below the very short-term tentative upside support line, this is when we will target the recent lows, seen last week.
Don't forget your SL.
DXY is trying get back into the game, but the overall downside pressure remains. That said, a strong push above the 95.75 barrier may clear the path towards slightly higher levels. This is when we will target the short-term downside resistance line, running from the highest point of December. This is where the price could get held.
Of course, if the DXY reverses sharply and breaks below the very short-term tentative upside support line, this is when we will target the recent lows, seen last week.
Don't forget your SL.